Bullboard - Stock Discussion Forum African Energy Metals Inc NDENF

Primary Symbol: V.CUCO.H

Metals & Mining Industrial Metals & Minerals

African Energy Metals Inc. is a Canada-based company. The Company is engaged in the acquisition, exploration, and development of mineral resources.

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TSXV:CUCO.H - Post Discussion

African Energy Metals Inc > CUCO undervalued compared to peers

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Post by StockHawk1 on Nov 30, 2022 5:41pm

CUCO undervalued compared to peers

AVZ Minerals' (AVZ) Roche Dure lithium project in the DCR's Manono region is estimated to contain 400 million tons grading 1.65% Li2O

African Energy Metals' (CUCO.v NDENF) controls a 170 kms² advanced-stage small mining permit in the prolific earlier this year which is on the same trend as Roche Dure.

A defined pegmatite corridor is thought to run from the Roche Dure deposit through a Tantalex (TTX) concession to CUCO's project.

Considering that TTX is valued at >$50M and AVZ is valued in the Billions, I think CUCO could be an undervalued play in the area with an MC of only $4.652M

More info here:

https://ca.finance.yahoo.com/news/african-energy-metals-expands-land-113000267.html

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